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  • 🤖 Can Microsoft compete in AI presentations?

🤖 Can Microsoft compete in AI presentations?

PLUS: A new AWS AI partnership

Rest up.

It’s a big week for AI.

We’re pretty sure.

🤖 Top Stories

🤓 Even the consultants are buying AI companies

The most B2B website of all time.

AI acquisitions are pouring in.

This time, it’s Accenture. They acquired Flutura, which specializes in AI analytics for manufacturing and industrial plants.

Why is a software company acquiring an AI company that’s so focused on physical spaces?

A large part of Accenture’s model is consulting.

They work with 91% of the Fortune 500. This acquisition might be costly, but it pays for itself when their clients want AI tools.

This acquisition gets them expertise in areas that corporations would want them for.

Build vs buy goes to buy this time around.

🚀 Tome AI turns words into beautiful presentations

AI startups are AI features for large companies. There’s no better example of this than Tome.

They’ve raised $43m to allow you to create presentations using AI. They’ve exploded in popularity - tripling their user base to 3m active users.

They’re now launching a GPT-4 powered feature that turns a 25-page document into a presentation. Using AI, of course.

They’re all the buzz of silicon valley PMs who want slick presentations. So why is Microsoft competing with them?

Slack and Teams offer us insight.

Source: Statista

Slack was first; Microsoft had the distribution advantage. A buzzy startup will get traction, but that only goes so far. Salesforce ultimately stepped in and acquired Slack. Teams outpaced it.

Microsoft owns enterprise productivity. With the pace they’re shipping, we’ll see if they can compete with Tome.

👀 AWS feels major FOMO, locks down more AI partnerships

You know that one friend who is desperately trying to find stocks with exposure to AI?

So are the major cloud providers.

First, it was Microsoft and OpenAI. Next it was Hugging Face with AWS. Now, Runway ML, a generative AI startup, has a partnership with AWS.

Because of this collaboration, we have brought all of our model development and training in-house to accelerate the pace of training and the deployment of new models and products.

Runway ML’s press release

Translation: they were working with another cloud provider before, and are now focused on AWS.

Runway is a bit different - they’re developing truly multimodal models. Say that three times fast.

AWS knows that Microsoft benefits from its partnership and access to OpenAI’s models.

By locking in these contracts, AWS is betting they can do the same.

😎 AI tools, links, tips

Fair enough.

ChatGPT churns through content so efficiently.

Another ad platform is born.

Wild.

If you made it far, a sincere thank you for reading. As an indie creator, it means a lot.